Overview
What is Shared Services Health Plan Trust?
The Shared Services Health Plan Trust is a nonprofit organization in Selinsgrove, Pennsylvania, with a US address at 514 University Ave, ZIP code 17870. Its primary mission is to provide health, vision, and prescription benefits to employees and certain former employees of participating non-profit colleges and universities located within the Commonwealth of Pennsylvania. Through employer and participant contributions and reimbursements from a reinsurance policy, the Trust covers various health-related expenses and administrative costs.
Is Shared Services Health Plan Trust legitimate?
Shared Services Health Plan Trust is a legitimate nonprofit organization registered as a 501(c)(9) entity. Shared Services Health Plan Trust submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
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What is the mission statement of Shared Services Health Plan Trust?
The Shared Services Health Plan Trust serves a crucial role in offering health, vision, and prescription benefits to eligible employees and certain former employees of participating non-profit colleges and universities. By pooling resources together, this organization ensures that its covered participants have access to essential medical coverage.
The Shared Services Health Plan Trust's mission revolves around the provision of comprehensive benefits, focusing on the well-being of its members. Contributions from employers and participants, as well as reimbursements from a reinsurance policy, are utilized for the payment of health, vision, and prescription claims, as well as administrative expenses.
In pursuit of its mission, the Shared Services Health Plan Trust plays a vital role in enhancing the overall healthcare experience for its members and providing them with peace of mind. By focusing on the needs of its participating institutions, it enables them to offer competitive benefits packages, ultimately contributing to a stronger and more supportive workforce.
Who is the CEO of Shared Services Health Plan Trust?
Jeeff Strader is the Principal Officer of Shared Services Health Plan Trust.
What is the revenue of Shared Services Health Plan Trust?
Shared Services Health Plan Trust's revenue in 2022 was $54,150,631.
Who are the executives of Shared Services Health Plan Trust and what are their salaries?
There 15 volunteers at Shared Services Health Plan Trust.
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Where can I find the form 990 for Shared Services Health Plan Trust?
Shared Services Health Plan Trust's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Shared Services Health Plan Trust
The Shared Services Health Plan Trust is a mission-driven organization that focuses on providing essential health, vision, and prescription benefits to employees and certain former employees of participating non-profit colleges and universities located in Pennsylvania. By offering these vital benefits, the Trust ensures the overall well-being and peace of mind of its covered participants.
In order to fulfill this commitment, the Shared Services Health Plan Trust collects contributions from employers and participants, which are then utilized for the payment of various health, vision, and prescription claims, in addition to administrative expenses. The Trust's primary goal is to make healthcare accessible and affordable for those working in the non-profit education sector. By doing so, the organization enables these individuals to concentrate on their professional pursuits, while having the security and confidence that comes with comprehensive health coverage.
Moreover, the Shared Services Health Plan Trust acts as a vital support system for its members, ensuring they receive the necessary healthcare services and resources. This dedication extends beyond just the provision of benefits, as the Trust also prioritizes the maintenance of a comprehensive network of healthcare providers. In this way, the organization not only provides coverage, but also empowers its members to make informed decisions regarding their health and wellbeing. Overall, the Shared Services Health Plan Trust plays a pivotal role in enhancing the lives of its participating non-profit colleges and universities' employees and former employees by ensuring they have access to comprehensive and affordable healthcare benefits.
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Impact
October, 2024
Shared Services Health Plan Trust significantly impacts employees and former employees of participating nonprofit colleges and universities in Pennsylvania by providing essential health, vision, and prescription benefits. By utilizing employer and participant contributions, along with reimbursements from a reinsurance policy, the trust effectively manages the payment of health-related claims and administrative expenses. This collaborative approach not only ensures access to necessary healthcare services but also fosters a supportive community among educational institutions, enhancing overall employee well-being and satisfaction within the nonprofit sector.
This information is meant to be a general summary of Shared Services Health Plan Trust. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $8,733
- Program Service Revenue: $54,141,898
- Gross Receipts: $54,150,631
Assets and Liabilities:
- Total Assets: $20,020,263
- Total Liabilities: $2,272,566
- Net Assets: $17,747,697
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
EMPLOYER CONTRIBUTIONS
Revenue
$37,252,904
EMPLOYEE CONTRIBUTIONS
Revenue
$8,195,443
EXCESS LOSS INS. REIMBURSEMENTS
Revenue
$7,758,453
RETIREE CONTRIBUTIONS
Revenue
$634,166
COBRA DEPOSITS
Revenue
$300,932
Organization Details
Founding Year
2008
Phone
(717) 723-4600Principal Officer
Jeeff Strader
Main Address
514 UNIVERSITY AVE, SELINSGROVE, PA, 17870
NTEE Category
Code: Y43 - Mutual benefit
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